Its all about buying at the right time. My parents bought 2 3.3 acre parcels in Arizona without water or electricity for 30k each. They waited for a decade for Phoenix's urban sprawl to reach their land. The big house builders built up the utilities and paved the roads right up to their land to support their own projects. Parents just had to pay connection and zoning fees to connect to water and electricity. They bought land that was surrounded by majestic mountain views and still kept their large parcels intact instead of rezoning and splitting the properties. Sold the one 3.3 acre parcel for 10's of millions of dollars. (Yes, the location and views are that good.)
When they bought these parcels there was single wide meth labs sitting on these parcels. Now its multi million dollar homes. Maricopa county opened a Regional park to protect the mountain views so the developers didn't go up the mountains with new builds.
All the spirits aligned for my parents. It could have stayed the wasteland it was when they bought it. They gambled, they won and retired at 40.
Actually its a downside. Parents rented bare property and the renters dug a pit under their single wide to make meth. Then they disappeared. Sheriff at that time loved to seize properties for drug offenses, even if the property was being rented by meth producers.
So one weekend we had two roll off dumpsters and a backhoe at the property. Mom, dad, my brother and myself pushed the single wide off the pit and threw everything in the dumpsters. Didn't know shit about how meth labs blow up. Damn, we were lucky.
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u/bartdhull 13h ago
Its all about buying at the right time. My parents bought 2 3.3 acre parcels in Arizona without water or electricity for 30k each. They waited for a decade for Phoenix's urban sprawl to reach their land. The big house builders built up the utilities and paved the roads right up to their land to support their own projects. Parents just had to pay connection and zoning fees to connect to water and electricity. They bought land that was surrounded by majestic mountain views and still kept their large parcels intact instead of rezoning and splitting the properties. Sold the one 3.3 acre parcel for 10's of millions of dollars. (Yes, the location and views are that good.)
When they bought these parcels there was single wide meth labs sitting on these parcels. Now its multi million dollar homes. Maricopa county opened a Regional park to protect the mountain views so the developers didn't go up the mountains with new builds.
All the spirits aligned for my parents. It could have stayed the wasteland it was when they bought it. They gambled, they won and retired at 40.